A deep crab pattern is potentially forming on the pound.
Be patient and wait for this pattern to complete before considering whether to go long.
In the shorter time frames, I will continue to keep a lookout for patterns to short before this big pattern completes.
We are approaching the end of 2018, hope we can buy low on the pound and ride a few hundred pips to...
As we can see on a 12months chart, there is a head and shoulder forming which if the next 2-3 months the previous low can break, we might get a fresh low at the end of OCT. On the other hand, a strong rejection from supply and demand area could cause a crazy uptrend.
8 consecutive weeks of selling Both NZDJPY and AUDJPY, take a look at Deep crab Fib 2 comes in , right below previous spike and loads of support from history. Plus there is a strong Quarter theory support sitting there which if the daily candle cannot close below it, most likely will start retracing.
NEWS coming out from NZD(GDP) and JPY(interest rate) next week ...
We have a bullish DC on the 1H TF for the CELR/BTC pair. Drawn together with the major supports and resistances we have the expected level for the bounce and the TPs.
TP2: 231 (at least 60% of the bag should have been sold here in my opinion).
Deep Crab setup is already validated by the market, right now a retest of an entry gives many of us, including myself a chance to engage the trade?
What's your plan for this pair?
For me is simple, on the 1-hourly chart, I'll wait for a double bottom to engage this trade.
If the market appreciates from here, I will look for shorting opportunity for the bearish...
Deep Crab setup completed at 107.89,
Potential miss trade - Yes.
Re-Entry possibility - Yes.
Engage Right Away - Not for me.
Follow your trade plan, although is great reward to engage this trade, but it doesn't give me the rights to break my rules.
Gold currently has completed Daily butterfly + H4 crab we can clearly short it for this week, looking for reversals on 38.2 or 61.8 TP/resistance area, long term projection will be at deep crab 1.618 area
There are 3 trading strategies, but what is your trade plan?
A bearish shark pattern completes at a much higher price, a potential counter-trend opportunity on the deep crab completion or just a simple sell zone?
A Bearish Deep Crab pattern engaged a reversal. Short target 1 (434) got hit with the type I reversal.
Matic passed the target 2 (400) with this type II reversal.
Talking about this type II, it has to go back to the point where it initially started and on this matter I have another Deep Crab pattern BUT this time it is a bullish one. I kind of expect it to turn...
Good afternoon everyone.
After a failed Gartly on its CD leg, EURUSD is shooting up this morning and finished a Deep crab pattern.
Shot with 1st target at 0.618CD @ around 1.1203
and 2nd target at 1.272CD @ around 1.11524
Happy trading and green pips everyone.
Crude oil is currently trading at a major resistance zone (red zone) and we are predicting the deep harmonic crap pattern showing on the 4 hr chart will be completed. Our strategy is to trade the 4th leg of this pattern. Price action has already reversed from the red zone giving our strategy confirmation. We have set our take profit at the green zone @ $59.50.